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Agi Choote
5ffb8e1b6b629c0e34a013f9298ebb0759b98a3d24029916321d5eb4255b6735
Art and electronics 🫀 Anarcho without suffixes 🏴

Explosive Nuts 🥜 nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft

nostr:note1662z9e8v7403rslme47faehvd3fuzl3sx50cdf2wlwxx4mjlmj9qh8u7sf

nostr:note1qzye7ekjgq2gw6rr5v5vc3h6mf2043tshtnsmdk6vskx26dlgx5qskqz34

Yaaa that’s why I’m asking xD don’t want to spoil the good stuff by listening to the meh stuff 😅

Imho onboarding is everyones job, so if we’ll do it good it will grow fast enough 🥳

Replying to Avatar Marty Bent

Don't get too pumped about Trump speaking at this year's nostr:npub1rwh33t5x8n7czknhts5fg0v0fml8mkl7neaarksumkkf8d679qrqcz7avv, there are forces in motion that could severely impact the bitcoin industry if people don't begin to make noise.

Earlier today there was a Senate Agriculture Committee hearing on Oversight of Digital Commodities with the head of the CFTC that everyone should watch.

If the legislation that is inevitably going to come out of this hearing gets passed it won't matter if Trump gets into office. The industry will be hindered for years. There is bi-partisan support at the moment as Democrats are moving quickly to react to the buzz Republicans have received due to their embrace of bitcoin.

Long story short, this committee is pushing to give the CFTC regulatory oversight over spot bitcoin markets, which is an unprecedented expansion of CFTC authority into retail commodities trades whereas in the past they have exclusively had jurisdiction over only commodities derivatives markets.

If the CFTC is granted this expansion of authority it would mean that they are likely going to require any bitcoin company to register with the federal government and have enhanced KYC/AML requirements. To be clear, this won't only affect exchanges, but any company that touches spot bitcoin.

These efforts are being spearheaded on the crypto side via lobbying efforts by Kraken, Coinbase and Ripple. Not shocking because this would likely enable them to trivially erect regulatory moats.

It looks like the bi-partisan effort will be looking to pass something through the House and into law rather quickly. Likely before the election.

It is imperative that you speak out against this as it would increase the regulatory and compliance burdens on US bitcoin companies considerably. The best move right now is no action. We need less regulation, not more. As we've seen time and time again throughout the first 15-years of bitcoin, these regulations but users in harm's way and make it unreasonably difficult for companies to operate cheaply and effectively.

Call you Representative and tell them to reject any bill that would give the CFTC oversight over spot bitcoin markets. This is a full on attack.

https://www.youtube.com/watch?v=F3i0pxWvyPc

Debbie Stab-her-now 🤷🏼‍♀️

That’s a nice idea, but if you already fixing it from the top i’d put cables tensioned to the floor, just beyond your foots reach xD

GM !

Nice to start the morning with a win 🫡

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That’s sincerely sad

Gotta wear a ⚡️ to a Nostr meetup !

#nostr #einundzwanzig